Nicholas S. Schorsch Buys 100,000 Shares of Global Net Lease, Inc. (NYSE:GNL) Stock

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) major shareholder Nicholas S. Schorsch acquired 100,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Global Net Lease Price Performance

Shares of GNL stock traded up $0.03 on Wednesday, hitting $7.48. 1,341,808 shares of the stock were exchanged, compared to its average volume of 1,483,707. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The business has a 50-day moving average of $8.35 and a 200 day moving average of $8.00.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. During the same period last year, the company earned $0.36 EPS. Equities analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 14.71%. Global Net Lease's payout ratio is currently -117.02%.

Institutional Investors Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in shares of Global Net Lease by 10.3% in the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider's stock valued at $106,000 after buying an additional 1,351 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Global Net Lease by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider's stock valued at $723,000 after acquiring an additional 1,600 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Global Net Lease by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider's stock valued at $1,323,000 after acquiring an additional 1,689 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Global Net Lease by 3.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider's stock worth $426,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Cobblestone Asset Management LLC increased its stake in shares of Global Net Lease by 4.2% during the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider's stock worth $375,000 after purchasing an additional 1,804 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

GNL has been the subject of a number of research analyst reports. B. Riley decreased their target price on Global Net Lease from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Truist Financial boosted their price objective on Global Net Lease from $8.00 to $8.50 and gave the company a "hold" rating in a research report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.83.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.